Crypto Traders Brace for Key U.S. Events: Can Bitcoin Reach $100,000?

Bitcoin’s price broke through the $97,000 barrier this week, raising hopes of a rally toward $98,500 and potentially even $100,000. However, failure to break resistance could lead to declines, with support levels at around $95,000. 2024’s GDP report, housing market data, and Nvidia earnings will all impact markets this week. A stronger-than-expected GDP could fuel optimism, pushing Bitcoin prices higher, while weaker growth may stoke fears of an economic downturn.